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Applies mainly to convertible securities. Redeemable by the issuer before the scheduled maturity under specific conditions and at a stated price, which usually begins at a premium to par and declines annually. Bonds are usually called when interest rates fall so significantly that the issuer can save money by issuing new bonds at lower rates.

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Redeemable
Note
Noncumulative
Maturity
Limitation on conversion
Issuer
Hybrid security

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Callable

convertible

convertible securities

redeemable

issuer

maturity